Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The French vehicle manufacturer Renault has declared its intention to increase the daily production capacity at its Valladolid assembly factory to 2.5 shifts/day from end October 2024 onwards. As a result, the company has announced the recruitment of 500 new employees for a new night shift at the Valladolid assembly factory, to be added to a recent additional employment creation of 500 jobs already announced in June 2024 in order to boost factory’ manufacturing capacity to two complete shifts. The most in-demand profiles correspond to automotive operators, forklift drivers, welders, painters, and final touch specialists.
Renault Group has specialised its Spanish plants in the production of non-plugged hybrid cars, while the production of pure electric vehicles remains in France.
Eurofound (2024), Renault, Business expansion in Spain, factsheet number 201526, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201526.